Bond Market Sees
Signs of Inflation

GDP Data Sharpen Debate
About the Fed's Perception
Of Balanced Risks to Growth

By

Agnes T. Crane Dow Jones Newswires

Updated Oct. 30, 2003 7:21 p.m. ET

NEW YORK -- The Federal Reserve's assertions that risks to growth are balanced and that a falling inflation rate remains the chief concern have been raising eyebrows in the bond market -- even more so after economic reports Thursday.

The data point to a somewhat different reality, bond investors contend.